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Updated over 3 years ago on . Most recent reply

Michael Broadbear's profile image
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Michael Broadbear
  • Member since Apr 27, 2021
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Michael Broadbear's profile image
Michael Broadbear's profile image
Michael Broadbear
  • Member since Apr 27, 2021
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Michael Broadbear
1
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4
Posts
Insurance

Liability Insurance amount

Michael Broadbear
Posted

Do you think $500K liability insurance for a single family home rental is enough, or should it be covered for $1M?

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Grant Thompson's profile image
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Grant Thompson
  • Investor
  • from Washington, D.C
  • Member since May 6, 2019
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Grant Thompson's profile image
Grant Thompson's profile image
Grant Thompson
  • Investor
  • from Washington, D.C
  • Member since May 6, 2019
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Grant Thompson
  • Investor
  • Washington, D.C
93
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113
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Grant Thompson
  • Investor
  • Washington, D.C
Replied

Michael,

All our insurance coverages are for $1M per occurrence. We feel this is the right amount to protect our assets in the worst case scenario.

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